New Mauritius Hotels to acquire 5-star Zuri Zanzibar resort for $79 million
via Le Mauricien1 min read
New Mauritius Hotels Limited NMH has signed a Share Purchase Agreement to acquire White Sands Beach Resorts Limited, the owner of the Zuri Zanzibar, a 5-star hotel in Zanzibar. The acquisition, valued at approximately $79 million, is expected to be finalized by the end of September 2026, pending the fulfillment of certain conditions and regulatory approvals. Stéphane Poupinel de Valencé, CEO of Beachcomber Resorts & Hotels, stated that Zuri Zanzibar will strengthen and diversify the group's international hotel portfolio and will operate under the Beachcomber brand. This move aligns with NMH's strategy of selective expansion and sustainable growth. NMH also has an international presence in Morocco through a management agreement with Fairmont Hotels & Resorts, and in Seychelles with a lease contract with Club Med. The group manages three tour operators based in South Africa, France, and the United Kingdom, and utilizes a network of representative offices across Europe to promote its brand.
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This summary was AI-generated from a story originally published by Le Mauricien.
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